Course Individually
Course Description
Auditing Procedures for Public Warehouses is a CPE webinar that will discuss controls that required for warehouses and the storages of goods. This webinar will describe the difference between terminal warehouses and field warehouses. This webinar will define the two general approaches to audit sampling: non-statistical and statistical sampling. This webinar will discuss the application of professional judgment in assessing sampling risk. This webinar will review audit procedures in determining the possible existence of material related party transactions as provided by SAS No. 45. Finally, this webinar will discuss performance and reporting standards as defined by SAS No. 50.
We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.
Learning Objectives
At the end of this webinar, students will be able to:
- Identify controls that required for warehouses and the storages of goods.
- Identify the difference between terminal warehouses and field warehouses
- Recognize the two general approaches to audit sampling.
- Identify the application of professional judgment in assessing sampling risk.
- Recognize audit procedures in determining the possible existence of material related party transactions.
- Recognize performance and reporting standards as defined by SAS No. 50.
CPE Credits: 2.5 CPE for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 24, 2023
